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3 clusters · 8 sources · 10 days · First seen 12 days ago · Last updated 2 days ago

Lithuanian agricultural financial support measures

Overview

The Lithuanian government has implemented various financial support mechanisms for the agricultural and aquaculture sectors. Initially, the Ministry of Agriculture allocated an additional 15 million euros in subsidized loans to assist entities facing financial difficulties, bringing the total available funds for this measure to 65 million euros.

Following these loan provisions, the state opened applications for the ‘Investments in Agricultural Holdings’ program under the Agriculture and Rural Development Strategic Plan 2023–2027. This initiative provides non-repayable grants from the European Union and the Lithuanian state to fund large-scale modernization projects, such as the acquisition of new machinery, production buildings, and technologies. Applications for these grants are being accepted until November 30. Eligible applicants include individual farmers and legal entities, such as companies and cooperatives, provided the holding meets a minimum economic size criterion with a production standard value (PSV) of at least 30,001 EUR. Supported sectors include dairy and beef cattle, other livestock, pig and poultry farming, as well as fruit, berry, vegetable, flower, and herbal cultivation.

In addition to the large-scale projects, which can receive up to 1,000,000 EUR per project (or 2,000,000 EUR for recognized agricultural cooperatives), a simplified procedure has been introduced for specific crop growers. This includes producers of cereals, oilseeds, and legumes, who can access grants of up to 80,000 EUR per project. This specific fund allocates 3.6 million EUR to assist with equipment modernization and to support both the production and primary processing of agricultural products.

Entities

Lithuania · European Union · Ministry of Agriculture of Lithuania · Kęstutis Mažeika

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The application deadline for the agricultural investment program is November 30. dzukuzinios.lt · www.silutesnaujienos.lt
[● 2 SOURCES] The minimum standard production value (SPV) for an eligible farm is €30,001. dzukuzinios.lt · www.silutesnaujienos.lt
[● 2 SOURCES] The maximum grant amount is €1,000,000 for individual projects. dzukuzinios.lt · www.silutesnaujienos.lt
[● 2 SOURCES] Recognized agricultural cooperatives can receive up to €2,000,000 in support. dzukuzinios.lt · www.silutesnaujienos.lt
[● 2 SOURCES] Grain growers are ineligible to apply via the simplified procedure. dzukuzinios.lt · www.silutesnaujienos.lt
[○ 1 SOURCE] The grant can cover up to 50 percent of eligible project costs. www.silutesnaujienos.lt
[○ 1 SOURCE] Recipients must maintain acquired assets and operations for 5 years after the final disbursement. www.silutesnaujienos.lt

Timeline

2 days ago

[BUSINESS] 4 sources
Lithuania opens agricultural investment grants through November 30
Lithuanian farmers and cooperatives can apply for agricultural modernization grants of up to 1 million EUR until November 30 under the 2023–2027 strategic plan.
5 days ago

[BUSINESS] 4 sources
Lithuania opens applications for agricultural investment grants
Lithuanian farmers and agricultural companies can apply for grants up to 1 million EUR until November 30 to modernize holdings and increase competitiveness.
12 days ago

[BUSINESS] 2 sources
Lithuania allocates 15 million euros in additional loans for farmers
Lithuania's Ministry of Agriculture is providing an additional 15 million euros in subsidized loans to assist farmers and aquaculture businesses with working capital and weather-related damages.

Sources

dzukuzinios.lt · kmintys.lt · kronika.lt · laikrastisplunge.lt · pajurionaujienos.lt · silutesnaujienos.lt · sirvinta.net · udiena.lt

This summary has been updated 2 times: see revision history